- First Trust Intermediate Duration Preferred & Income Fund (FPF, Financial) announces a monthly distribution of $0.1375 per share for May 2025.
- The distribution offers a yield of 9.01% based on its NAV of $18.31 and 9.64% based on a market price of $17.11.
- The distribution is largely expected to originate from net investment income.
First Trust Intermediate Duration Preferred & Income Fund (FPF) has declared its monthly common share distribution of $0.1375 per share for May 2025. This distribution is scheduled to be paid on May 15, 2025, to shareholders of record on May 1, 2025, with an ex-dividend date also on May 1.
Based on the figures available as of April 17, 2025, the distribution rate stands at 9.01% based on the fund's net asset value (NAV) of $18.31. Furthermore, the yield reaches 9.64% when calculated against the closing market price of $17.11.
The fund expects that the majority of this distribution will be covered by net investment income. However, portions may also derive from net short-term realized capital gains or a return of capital. The final assessment of the distribution's source and tax status will be determined after the close of 2025, documented in Form 1099-DIV.
First Trust Intermediate Duration Preferred & Income Fund holds a diversified portfolio, with at least 80% of managed assets allocated in preferred and income-producing securities from both U.S. and international companies. The fund's investment advisor, First Trust Advisors L.P., oversees approximately $258 billion in assets, while the sub-advisor, Stonebridge Advisors, manages around $13 billion as of recent reports.
